Q2 2023 Avex Inc Earnings Presentation Transcript

Nov 10, 2022 / NTS GMT
Presentation
Nov 10, 2022 / NTS GMT

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Corporate Participants
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* Katsumi Kuroiwa
Avex Inc. - CEO, President & Representative Director
* Seiichi Hatamoto
Avex Inc. - Group Corporate Executive of Business Administration

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Katsumi Kuroiwa - Avex Inc. - CEO, President & Representative Director

Hello, everyone. Today, I would like to tell you about the key topics for the first half of the fiscal year ending March 31, 2023, as well as the progress we have made with our medium-term management plan, Avex Vision 2027. Firstly, an overview of our financial performance in the first half of the fiscal year. Due to upfront investments in line with our medium-term management plan and impacts of the COVID-19 pandemic, in our full year forecast, we initially projected JPY 1.0 billion in operating profit. However, thanks to strong sales in our music package and internationally even subsegments, predominantly from live concerts for which audience numbers were much higher than expected at JPY

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